Africa’s richest: Otedola, Dewji, Wiese, Dos Santos, Rebrab

The top 5 of Africa’s richest people is led by Nigeria’s Femi Otedola. The oil magnate was Africa’s highest gaining billionaire in 2015. Mohammed Dewji (Tanzania), Christofell Wiese (South Africa), Isabel Dos Santos (Angola) and Issad Rebrab (Algeria) are ranked 2 to 5.

Forbes compiled the list of Africa’s highest gaining billionaires in 2015. Femi Otedola saw his treasure chest grow in 2015 to $1.81 billion from $778 million in 2014. Tanzanian Mohammed Dewji – number 2 on Africa’s rich list – leads Mohammed Enterprises Tanzania Limited (METL), active in the areas of textile manufacturing, flour milling, beverages and edible oils in East, Southern and Central Africa.

VenturesAfrica reports that Christofell Wiese is a South African retailing tycoon who saw his fortune soar to $841 million, a 15 percent boost from the previous year. Isabel dos Santos became rich by her investments in Portugal and Angola. Her assets in Angola include 25 percent of Unitel, the country’s largest mobile phone network and a stake in a bank, Banco BIC.  Issad Rebrab (Algeria) founded Algeria’s biggest privately held conglomerate, Cevital, one of the largest sugar refineries in the world, has made a lot of money by buying European companies in distress. Rebrab has a net worth of $3.2 billion, up by $181 million from last year.

Further reading on venturesafrica.com

Image by Ventures Africa

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